Tix Corporation, parent company of Tix4Tonight is making another splash out west. After rapidly ascending in the Las Vegas ticket market, Tix Corporation (OTC BB: TIXC.OB) announced another major change. In a recent press release, Tix Corporation announced that, “Effective November 30, 2006, it has purchased all of the tangible and intangible business assets of Stand-By Golf, which offers discounted golf reservations to most Las Vegas golf courses. The initial purchase price was paid in the form of $100,000 of restricted shares of common stock of the Company, with additional performance-based earn-outs in the form of cash and common stock payable during the first three years based on incremental defined net revenues.”
Mitch Francis, CEO of Tix Corporation and Tix4Tonight said, “Discount golf reservations is a logical next product category to add to our current offerings in Las Vegas of half-price shows and dinners.” He continued, “Associating with William Bartfield and David Bates, the founders of Stand-By Golf, gives us access to their vast experience and a tremendous head start in this exciting new direction for our Company. We are optimistic that our new discount golf reservation business will make a positive contribution to our net revenue and thus enhance shareholder value.”
The new acquisition has made Tix Corporation and it’s subsidiaries a one stop shop for affordable Las Vegas Tickets and now tee times. They’re rapidly becoming an appealing option for all types of Vegas visitors. With Tix4Tonight you don’t have to overpay or commit to an event long in advance. In fact, they won’t let you. You can only get tickets the day of an event, dinner, or golf outing. This strategy, coupled with complicated agreements with Vegas venues, is making tough tickets and tee times far more available than in the past.
